Average farmland value varies by land use and region
Average farmland values for the Nation mask wide regional variation. Cropland values (the land value excluding buildings) exceeded $5,000 per acre in 2007 in the Northeast and Pacific regions, where high-value crops-fruits, vegetables, and orchards-are grown and development pressures are high. Cropland values in 2007 were only about $1,000 per acre in the Northern Plains, an area dominated by wheat and other row crop farms. In the Southeast region and Delta States, pasture values exceeded cropland values. This chart is found in the ERS report, Trends in U.S. Farmland Values and Ownership, EIB-92, February 2012.
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